AVT vs PLXS: Correlation
Avnet, Inc. (AVT) and Plexus Corp. (PLXS) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and PLXS?
On 3 years of weekly data the AVT/PLXS correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.65 over 3. The 5-year figure is 0.62, and annualized covariance runs at 611.8 %².
Among the 16 assets we track against AVT, PLXS ranks #5 by 3-year correlation. On 12-month performance PLXS holds a 6.8-point edge, +70.3% against +77.1%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AVT vs PLXS: side by side
| AVT (Avnet, Inc.) | PLXS (Plexus Corp.) | |
|---|---|---|
| 1-year return | +70.3% | +77.1% |
| 5-year return | +153.5% | +165.9% |
| Volatility (ann.) | 28.1% | 33.3% |
| Beta vs S&P 500 | 1.05 | 1.03 |
| Max drawdown (3Y) | -27.1% | -34.9% |
| Market cap | $7.5B | $6.5B |
| P/E (trailing) | 22.5 | 36.1 |
| Dividend yield | 1.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVT | PLXS |
|---|---|---|
| 2022 | +3.4% | +7.3% |
| 2023 | +24.4% | +5.1% |
| 2024 | +6.4% | +44.7% |
| 2025 | -5.6% | -6.1% |
| 2026 | +92.1% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and PLXS good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVT and PLXS?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.70 over the last year and 0.62 over 5 years.
Is PLXS a good diversifier for AVT?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AVT correlations · PLXS correlations
